Lions Gate Entertainment beats by $0.20, beats on revs :
- Reports Q4 (Mar) earnings of $0.27 per share, excluding non-recurring items, $0.20 better thanthe Capital IQ Consensus of $0.07; revenues rose 22.5% year/year to $791.2 mln vs the $743 mln Capital IQ Consensus, due to record television revenue and increased theatrical box office from five wide releases compared to three wide releases in the prior year quarter. Adjusted EBITDA and EPS declined in the quarter due to softer performance of the film slate.
- Lionsgate's filmed entertainment backlog, or already contracted future revenue not yet recorded, achieved record levels of approximately $1.5 billion at March 31, 2016, increasing from $1.3 billion at Dec 31, 2015.
- "Although last year's film slate didn't match the performance of previous years, this year's slate is bigger, more balanced and is expected to generate greater profitability. We also expect to continue creating long-term value by deepening our portfolio of brands and franchises and solidifying our status as a preferred partner to owners of intellectual property, 3rd-party distributors and digital platforms worldwide."
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